Triple-A Stablecoin Firm Hit by Unauthorized Wallet Breach

Singapore-based stablecoin payments firm Triple-A has suffered an unauthorized breach of its wallets holding its own digital assets, according to the company. The incident occurred on July 24 and 25, with 5,287 ETH draining into a single address. Triple-A claims that client funds were not affected by the breach.

The company stated that it identified the incident on July 25 and secured the affected infrastructure. It also placed certain services in maintenance mode for approximately three hours while running security checks. All services have since been restored, with transactions and settlements processing normally across all markets.

Triple-A has not disclosed the size of its treasury loss or explained how the wallets were accessed. The company is working with cybersecurity specialists, blockchain-forensics experts, and authorities to trace assets and support recovery.